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Consider the market for wingdings

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Reference no: EM133575310

Question: DWL Basics a) Consider the market for wingdings. Assume we have upward sloping supply and downward sloping demand. The government now imposes a per-unit tax on consumers. Sketch a supply and demand graph that shows the following: initial market price and quantity, new market price and quantity, consumer and producer surplus after the tax, government revenue, and deadweight loss.

Reference no: EM133575310

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